New Delhi: Country's largest car-maker Maruti Suzuki India Monday hiked prices of its various models by up to Rs 20,000.
The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000 while that of new premium hatchback Baleno is Rs 10,000.
On a select range, the price hike will be between Rs 1,500 and Rs 5,000, Maruti Suzuki India (MSI) said in a regulatory filing.
On reasons for the hike, MSI said: "This price revision is based on factors like, segment-wise demand, forex movements and strategic objectives of the company."
The hike is effective from today (Monday), it added.
The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi).
MSI stock Monday ended at Rs 4,869.80 on BSE, up 2.41 percent from the previous close.
The hike was announced hours after the company said that it posted a 12.7 percent rise in its total sales in July at 1,37,116 units as against 1,21,712 units in the same month a year ago.
(With agency inputs)